Oil news
California’s Battery Boom Is Rewriting Power Markets
For years, one argument has dominated the debate around renewables: they are intermittent, and therefore require large-scale, dispatchable backup—usually in the form of gas-fired power plants. It is a compelling argument. It is also becoming increasingly outdated. Because while much of the discussion still treats batteries as a marginal technology, real-world systems are starting to show something very different. Storage is not just filling small gaps. It is beginning to replace the role traditionally played by large, flexible fossil generation.…
Categories: Oil news
Why the Power Boom Could Break the Grid
We vaguely remember that moment in the British detective series “Luther”, when the eponymous hero (Idris Elba), pursued by redheaded, demented murderer/lover Alice Morgan (Ruth Wilson), running from the law, finds himself trapped on a bridge with the police rushing in on all sides, and he desperately asks, “Now what?” or similar words, and the episode ends, with all viewers left hanging. All of this reminds us of numbers piling up from various reputable sources that seem to show the electric industry heading into the same…
Categories: Oil news
Oil Price Shocks Make Brazil Key to Energy Security in the Americas
Oil price shocks since the U.S. and Israel first struck Iran, the world’s fifth-largest oil producer, have global markets on edge. The sudden energy crisis, which emerged after Iran closed the Strait of Hormuz, preventing the passage of around a fifth of the world’s oil supply, emphasizes the importance of petroleum production in non-OPEC countries. Brazil, along with Guyana and Argentina, was named among the largest non-OPEC contributors to global oil supply growth. Steadily expanding petroleum production will assist with securing…
Categories: Oil news
The Next Battleground for Robotaxis
A black Jaguar SUV with no one behind the wheel pulls up on a London street. It’s electric and equipped with Waymo’s autonomous driving system. A passenger gets in, selects a destination on their phone, and the car pulls smoothly into traffic. Within the next few years, this scene could move from novelty to normality as Waymo, Google’s parent company Alphabet’s self-driving car division, plans to launch its robotaxi service in the UK capital, with testing already underway and a pilot service scheduled for April 2026. The…
Categories: Oil news

